4. Building New Markets

Transferring Securitization, Bond-Rating, and a Crisis from the US to the UK

  1. Manuel B. Aalbers
  1. Thomas Wainwright

Published Online: 17 FEB 2012

DOI: 10.1002/9781444347456.ch4

Subprime Cities: The Political Economy of Mortgage Markets

Subprime Cities: The Political Economy of Mortgage Markets

How to Cite

Wainwright, T. (2012) Building New Markets, in Subprime Cities: The Political Economy of Mortgage Markets (ed M. B. Aalbers), John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/9781444347456.ch4

Editor Information

  1. University of Amsterdam, The Netherlands

Author Information

  1. Kingston University, UK

Publication History

  1. Published Online: 17 FEB 2012
  2. Published Print: 16 MAR 2012

ISBN Information

Print ISBN: 9781444337761

Online ISBN: 9781444347456

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Keywords:

  • crisis, US and the UK;
  • new markets;
  • securitization;
  • transfer;
  • bond-rating;
  • crisis;
  • capital switching;
  • migrating metrics;
  • Northern Rock

Summary

This chapter contains sections titled:

  • Introduction

  • Securitization: Opening the Black Box

  • Capital Switching or Capital Switchers? Producing Urban Space

  • A Historical Geography of Securitization

  • Migrating Metrics and the Arrival of US Bond-Rating Agencies in the UK

  • Building a Crisis: The “Credit Crunch” of 2007-?

  • Conclusion

  • Notes

  • References